{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-24-006163","form_type":"8-K","ticker":null,"cik":"0001490927","company_name":"Franklin BSP Lending Corp","filed_at":"2024-01-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.318072+00:00","generated_at":"2026-06-06T19:13:13.309350+00:00","sec_items":["1.02","2.01","3.03","5.01","5.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Franklin BSP Lending merged into Franklin BSP Capital; $3.8B combined assets","bullets":["Merger completed Jan 24, 2024; FBLC stockholders receive 0.4647 FBCC shares per share.","Combined company has $3.8B total assets, $2.1B net assets on pro forma basis (Sept 30, 2023).","Former FBLC stockholders own ~80.7% of combined company; legacy FBCC own ~19.3%.","Transaction unlocks nearly $700M of capital for deployment, expected to be accretive to stockholders.","FBLC's officers and directors ceased; investment advisory agreement with FBCA amended and effective."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-24-006163","json":"https://secwatch.observer/filing/0001213900-24-006163.json","markdown":"https://secwatch.observer/filing/0001213900-24-006163.md","text":"https://secwatch.observer/filing/0001213900-24-006163.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1490927/000121390024006163/0001213900-24-006163-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1490927/000121390024006163/ea191915-8k_franklinbsp.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T19:13:13.309350+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"35acc087600388a5c45df52144a59f0fbb9f2a04","claim":"Franklin BSP Lending Corp underwent a change of control involving FBCC (Franklin BSP Capital Corporation) for 0.4647 shares of FBCC common stock per share of FBLC common stock (closed 2024-01-24).","evidence_excerpt":"with the terms of the Merger Agreement, at the effective time of the Initial Merger, each outstanding share of the Company’s common stock was converted into the right to receive 0.4647 shares of common stock, par value $0.001 per share, of FBCC. As a result, FBCC issued an aggregate of approximately 110.0 million shares of its common stock to former stockholders","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1490927/000121390024006163/0001213900-24-006163-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"change of control"},{"label":"Counterparty","value":"FBCC (Franklin BSP Capital Corporation)"},{"label":"Consideration","value":"0.4647 shares of FBCC common stock per share of FBLC common stock"},{"label":"Closing","value":"2024-01-24"}],"fact_type":"ma_transaction"},{"claim_id":"aa89048937663cbbe326cef6662d763508948955","claim":"Franklin BSP Lending Corp terminated a merger with Franklin BSP Lending Adviser, L.L.C..","evidence_excerpt":"Pursuant to the terms of that certain Agreement and Plan of Merger (the “Merger Agreement”), dated as of October 2, 2023, by and among Franklin BSP Capital Corporation, a Delaware corporation (“FBCC”), Franklin BSP Lending Corporation, a Maryland corporation (the “Company”), Franklin BSP Merger Sub, Inc., a Maryland corporation and a direct wholly-owned subsidiary of FBCC (“Merger Sub”), and, solely for the limited purposes set forth therein, Franklin BSP Capital Adviser L.L.C., a Delaware limited liability company and the external investment adviser to FBCC, immediately after the effective time of the Initial Merger (as defined below), the investment advisory agreement by and between the Company and Franklin BSP Lending Adviser, L.L.C., the external investment adviser to the Company, was terminated.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1490927/000121390024006163/0001213900-24-006163-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"Franklin BSP Lending Adviser, L.L.C."}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}